Getting a collateral vehicle title loan does not leave borrowers waiting especially if the urgent need is rising or the emergency is for a really good reason.
Collateral vehicle title loans or car title loans offer the most flexible plans with the lowest interest rates in the lending industry on the road to financial stability. After you get the loan, you still get to keep your car during while repaying the loan and keep driving it. Even during the repayment period, if the loan is paid off early, no early payment penalty charges will be made.
Applying for collateral vehicle title loans is easy:
Easy requirements to submit
Lenders of no credit check title loans will not do any check checks because credit history has no bearing on the loan approval. The fully owned car and its car title serve as enough collateral for the loan. You need not worry about red tape or too much requirements. All you need is to bring in your car for inspection and appraisal for its true market value. Then show the car title, a valid driver’s license, and proof of permanent residence.
Keep the car and the money as well
Once a collateral vehicle title loan is approved, you can get your money and drive off with your car. This is because the collateral secures the loan and all the lender needs is to put a lien on the car title.
Obtaining the loan
Vehicle title loans can be obtained with as little as $1000 to as much as $ 50,000. The principal loan amount is determined by the true market value of the car. Some of the factors that are also considered are the year, make, model, mileage, and condition of the vehicle.
What are the interest rates and terms?
Interest rates are actually 70 percent lower than anything the nearest competition can offer. Loan payment terms usually start at 2 years and can be adjusted up to 5 years.
At Instant Loans Canada, we loan you money based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online. You’ll speak with a member of our dedicated team and see how Instant Loans Canada can help.